Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
Category: Strait of Hormuz
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Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
The New York Times – Business: -
Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
The New York Times – Business:Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
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U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
The New York Times – Business:Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
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Kevin Warsh’s Dilemma as Fed Chair Nominee Amid Iran War
The New York Times – Business:President Trump’s pick to lead the Federal Reserve could faces a tough road to confirmation if he seeks quick interest rate cuts. The war in Iran doesn’t help.
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War in Iran Has India Scrambling to Keep Stoves Lit for Cooking
The New York Times – Business:India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.
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War With Iran Puts Further Strain on America’s Pessimistic Farmers
The New York Times – Business:Nearly 75 percent of farmers surveyed before the war said the crop sector was in a recession. They face bigger hurdles this planting season.
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Iran War Causing Largest Ever Oil Disruption, I.E.A. Says
The New York Times – Business:Conflict is forcing producers to slash production and close ports as Iran steps up attacks on energy infrastructure.
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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The New York Times – Business:The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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At Least 3 Ships Are Struck In and Around the Strait of Hormuz
The New York Times – Business:Three vessels were hit on Wednesday, according to a British maritime agency. The Strait of Hormuz is all but closed as war in the Middle East expands.
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Japan and Germany Say They Will Release Oil
The New York Times – Business:Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
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How Trump and His Advisers Miscalculated Iran’s Response to War
The New York Times – Business:In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.